http://timesofindia.indiatimes.com/Business/India_Business/Satyam_managers_struggle_to_retain_customer_base/articleshow/3990969.cms

The Times of India, and the Wall Street Journal both say that Satyam is struggling to hold onto its customers and losing some. This is natural given the intensity of the crime committed by its top management (they are in jail btw). One should understand the deep implications of what has happened…

I would trust these news sources over what Satyam is saying itself, especially after its CEO has admitted to billions of dollars of fraud. I dont even want to imagine how much of Satyam management’s was involved, since the entire board was fired. The World Bank and Sandisk are global corporations who dont take such things lightly. And these are just the ones we know about……

Satyam has done to IT what Enron did to energy, and what Authur Anderson did to accounting. All three have brought intense disgrace to their disciplines. And I am angry at Satyam for bringing such bad reputation to the IT world. Now every manager, CEO, CIO is going to review their contracts with outsourcers, rethink WHAT they will outsource. Low cost is no longer important, since there are even possibilities that client’s data is being distributed illegally to others from India. Would a CEO that is lying, stealing, defrauding his own clients and employees be worried about selling/sharing private secure client data?

This is not the fault of honest, hard working Indian engineers. This mess lies at the doorstep of irresponsible, greedy, corrupt management, showing its stakeholders a reality of progress that never existed. And no one, including Infosys or Wipro want to touch Satyam with a 10 foot pole. Its quite Understandable. I dont think anyone wanted anything to do with Enron once it was clear what they were upto either.